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Altcoin Market and Ethereum Face Crucial Resistance as Breakout Pressure Builds

  • Analysts Michaël van de Poppe and Daan Crypto Trades emphasize the need to clear major levels for the next leg of the bull run.
  • Ethereum struggles to surpass $2,700, with $2,850 identified as a critical barrier holding significant liquidity for a breakout.
  • Daan Crypto Trades focuses on the total altcoin market cap excluding Bitcoin, highlighting the importance of reclaiming the 2024 high level.
  • The coming days are crucial for Ethereum to break above $2,850 and the altcoin market cap to surpass $1.23 trillion resistance, as failure could reinforce bearish patterns.

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